TORONTO, May 21, 2015 (GLOBE NEWSWIRE) -- Epcylon Technologies, Inc. ("Epcylon" or the "Company") (OTCQB:PRFC) has entered into a strategic partnership with AnalytixInsight Inc ("AnalytixInsight") (TSX-V:ALY) to co-distribute its suite of FINTECH software products.
Jack Bensimon, CEO of Epcylon, said, "The AnalytixInsight partnership enables our customers to access advanced algorithmic fundamental analysis and a premium scoring system to assist intraday trading activities. It also provides a new global distribution channel for Stealth Trader."
Prakash Hariharan, Chairman of AnalytixInsight, said, "This is a winning partnership. Bundling Stealth Trader and AnalytixInsight offers investors and traders access to two best-of-breed FINTECH software services. Stealth Trader provides sentiment analysis based on order flows and crowd behaviour and adds another dimension to our platform, which generates predictive analytics based on fundamental stock research. This is also a unique opportunity to incorporate a trading and executable services within Marketwall and Capitalcube."
The partnership arrangement includes a 70%-30% revenue share agreement for sales conversions in each of the respective channels between Epcylon and AnalytixInsight. The partnership includes the option to execute an agreement in building an asset management division to include Stealth Prop Trading using Epcylon's proprietary Stealth Trader and the Colony Auto-Trader electronic trading platforms. Both trading platforms use sentiment within the electronic order book to predict securities prices. Mr. Hariharan was previously a well-known Bay Street fund manager at Front Street Capital managing over $400M in assets under management.
AnalytixInsight is a big data analytics company that algorithmically analyzes corporate and market data and generates actionable insights and high-level financial analysis on approximately 50,000 stocks and ETFs for investors, traders, financial portals, and media. Its stock research coverage spans North America, South America, Europe, and Asia. Its partners include Samsung Electronics, Dow Jones, Yahoo and various stock exchanges. AnalytixInsight has two distinct platforms – MarketWall for mobile and CapitalCube for online access, of which both provide unique intelligence for generating profitable trading decisions.
Epcylon Technologies, Inc.
Todd Halpern, Chair
Board of Directors
About Epcylon Technologies, Inc.
Epcylon Technologies Inc. is headquartered in Toronto, Ontario, and is a leading FinTech company developing proprietary software platforms for the global capital markets vertical. Epcylon's flagship software solutions includes Stealth Trader Intelligence and Colony Auto-Trader. Epcylon is listed on the OTCQB under the symbol, "PRFC." For more information, visit www.epcylon.com and www.stealthtrader.com.
Forward-Looking Statements
This press release contains "forward-looking information" within the meaning of applicable U.S. securities legislation. Forward-looking information includes, without limitation, statements regarding the partnership with AnalytixInsight; the potential for the AnalytixInsight partnership to create an expanded user base and additional revenues for Epcylon Technologies Inc; the growth of Epcylon's business; the growth of the Company's business operations; the use of the Company's content by various parties; and the use by certain parties of CapitalCube and Marketwall App. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Epcylon Technologies,Inc., as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the Company's technology and revenue generation; risks associated with operation in the technology sector; ability to successfully integrate new technology and employees; foreign operations risks; and other risks inherent in the technology industry. Although Epcylon Technologies, Inc. has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Epcylon Technologies, Inc. does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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